Navigator Gas Invests $2.5M Alongside Attis Clean Energy Invest In Ten08 Energy To Produce Clean Ammonia On The US Gulf Coast For Export
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Navigator Holdings Ltd. (NYSE: NVGS) has invested $2.5 million alongside Attis Clean Energy in Ten08 Energy to develop a clean ammonia production facility on the US Gulf Coast. The project aims to produce ultra-low carbon ammonia by late 2029/early 2030. Navigator has an option to invest up to $100 million at the Final Investment Decision stage.
August 08, 2024 | 12:49 pm
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Navigator Holdings Ltd. (NYSE: NVGS) has invested $2.5 million in Ten08 Energy to develop a clean ammonia production facility on the US Gulf Coast. Navigator has an option to invest up to $100 million at the Final Investment Decision stage.
The investment in Ten08 Energy aligns with Navigator's strategic goals in clean energy and could enhance its market position. The option to invest up to $100 million at FID indicates a significant long-term commitment, likely boosting investor confidence.
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